Related questions
Concept explainers
Mango Electronics Inc. is a Fortune 500 company that develops and
markets innovative consumer electronics products. The development process proceeds as
follows.
Mango researches new technologies to address unmet market needs. Patents are filed for
products that have the requisite market potential. Patents are granted for a period of 20 years
starting from the date of issue. After receiving a patent, the patented technologies are then
developed into marketable products at five independent development centers. Each product is
only developed at one center. Each center has all the requisite skills to bring any of the products
to market (a center works on one product at a time). On average, Mango files a patent every 7
months (with standard deviation of 7 months). The average development process lasts 28 months
(with standard deviation of 56 months).
a. What is the utilization of Mango’s development facilities?
b. How long does it take an average technology to go from filing a patent to being launched
in the market as a commercial product?
c. How many years of patent life are left for an average product launched by Mango
Electronics?
Trending nowThis is a popular solution!
Step by stepSolved in 4 steps
- Total DVD and Blu-ray disc sales in 2009 were $8.72 billion. For the purposes of this problem, you will combine DVD and Blue-ray disk sales into one category of DVD sales. A study by In-Stat predicted that "physical disc sales will decline by $4.7 billion by 2014," and that "streaming, on the other hand, should grow from its current $2.2 billion to $6.3 billion over the same time period (2009–2014). d. Write an equation that represents the linear model for streaming videos. Let S = the total sales of streaming videos in billions of dollars, and t = the number of years after 2009. e. In what year do the models predict streaming video sales to exceed DVD sales?arrow_forwardN=con&external_browser=0&launchUrl=https%253A%252F%252Fperustatecollege.blackboard.com%252Fwebapps apters 21-22) Saved Despite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Francisco demonstrate a college degree is worth $800,000 in lifetime earnings compared to the average high school education. Assume graduates in 2017 earn $36,882, $35,854, $43,692, $40,776, $70,869 and $47,468. What is the standard deviation for this sample? (Round your intermediate calculations and final answer to the nearest whole number.) Standard deviation ( Prev 6 of 10 Next > 田arrow_forwardAn interdepartmental task force is being formed to investigate an increase in violent crimes. 1/5 of the task force will be police officers from the local precinct. 1/4 will be ATF agents, and the remaining 22 will be from the FBI. How many people are participating in the task force?arrow_forward
- Advanced Engineering MathematicsAdvanced MathISBN:9780470458365Author:Erwin KreyszigPublisher:Wiley, John & Sons, Incorporated
Numerical Methods for EngineersAdvanced MathISBN:9780073397924Author:Steven C. Chapra Dr., Raymond P. CanalePublisher:McGraw-Hill Education
Introductory Mathematics for Engineering Applicat...Advanced MathISBN:9781118141809Author:Nathan KlingbeilPublisher:WILEY 
Mathematics For Machine TechnologyAdvanced MathISBN:9781337798310Author:Peterson, John.Publisher:Cengage Learning,
